1027 ST CLAIR Street
About This Property
Gas fireplace. Carpeted throughout. High tight double pane windows. Trane air handler replaced August 2001-hot water heater replaced Jan. 2011. Roof replaced May 2010. Well pump used to water lawn and fill pool-motor replaced Sept 2003. Oversized Garage-large double concrete driveway-2 additional parking shelters. Concrete walkways in front and back. 14 x 30 storage room with electric and work bench. 180 ft. dog run with 6-10x30 pen areas –another dividing 6 ft fence with 165 ft. open area with kennel house-homeowner cared for Greyhounds. Additional 810 SF 1bdr 1ba home located in rear of property property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017